News Broadcasting
TV Today Network reports higher numbers for Q3 2018
BENGALURU: TV Today Network Limited (TVTN) reported 23.2 per cent y-o-y increase in standalone revenue from operations in the quarter ended 31 December 2017 (Q3 2018, quarter under review) to Rs 173.59 crore as compared to Rs 140.88 crore in Q3 2017. Profit after tax (PAT) for Q3-2018 increased 35.8 per cent y-o-y to Rs 35.73 crore (20.6 per cent margin) as compared to Rs 26.32 crore (18.7 per cent margin).
EBITDA calculated for Q3-2018 at Rs 57.16 crore (32.9 per cent margin) increased 36.5 per cent y-o-y as compared to Rs 41.88 crore (29.7 per cent margin).
Segment revenue
TVTN’s Television Broadcasting segment (TV segment) reported a 22.6 per cent y-o-y increase in operating revenue in Q3-2018 at Rs 167.03 crore as compared to Rs 136.26 crore. Operating profit from the segment in the quarter under review increased 35.9 per cent y-o-y to Rs 56.19 crore as compared to Rs 41.35 crore.
The company’s radio segment reported more than 2.25 times operating revenue at Rs 6.56 crore as compared to Rs 2.62 crore in Q2 2018. The segment’s operating loss in the current quarter was higher at Rs 5.84 crore as compared to the operating loss of Rs 5.67 crore in Q3-2017.
Let us look at the other numbers reported by TV Today
Total expenditure in Q3-2018 at Rs 124.54 crore was 17.4 per cent higher y-o-y as compared to Rs 106.60 crore. Production cost in Q3-2018 increased 4.9 per cent y-o-y to Rs 15.76 crore as compared to Rs 15.02 crore.
Employee benefit expense in the quarter under review at Rs 43.82 crore (24.9 per cent of TIO) was 20.1 per cent higher y-o-y as compared to Rs 36.49 crore.
Other expenses in Q3-2018 at Rs 56.85 crore were 19.7 per cent higher y-o-y as compared to Rs 47.49 crore.
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News Broadcasting
Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore
PAT improves to Rs 306.6 crore, margins steady amid cost pressures.
MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.
Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.
However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.
Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.
At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.
On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.
Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.
The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.
